First Trust Advisors LP Purchases 6,089 Shares of Invesco Trust for Investment Grade Municipals (VGM)
First Trust Advisors LP raised its position in Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 9.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 72,065 shares of the investment management company’s stock after acquiring an additional 6,089 shares during the period. First Trust Advisors LP’s holdings in Invesco Trust for Investment Grade Municipals were worth $967,000 as of its most recent SEC filing.
Separately, Cutler Capital Management LLC raised its holdings in Invesco Trust for Investment Grade Municipals by 5.9% in the 2nd quarter. Cutler Capital Management LLC now owns 64,126 shares of the investment management company’s stock valued at $860,000 after acquiring an additional 3,561 shares in the last quarter. 9.23% of the stock is owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2017/09/21/first-trust-advisors-lp-purchases-6089-shares-of-invesco-trust-for-investment-grade-municipals-vgm.html.
Invesco Trust for Investment Grade Municipals (VGM) opened at 13.52 on Thursday. Invesco Trust for Investment Grade Municipals has a 12-month low of $12.34 and a 12-month high of $14.26. The firm has a 50-day moving average price of $13.62 and a 200 day moving average price of $13.30.
The company also recently disclosed a monthly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th will be issued a dividend of $0.0636 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date of this dividend is Tuesday, September 12th.
About Invesco Trust for Investment Grade Municipals
Invesco Van Kampen Trust For Investment Grade Municipals (the Trust), formerly Invesco Trust for Investment Grade Municipals, is a diversified, closed-end management investment trust. The Trust’s investment objective is to provide common shareholders with a high level of current income exempt from federal income tax, consistent with preservation of capital.
Want to see what other hedge funds are holding VGM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Trust for Investment Grade Municipals (NYSE:VGM).
Receive News & Stock Ratings for Invesco Trust for Investment Grade Municipals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Trust for Investment Grade Municipals and related stocks with our FREE daily email newsletter.